City Tables Snake River Oil & Gas Lease Proposal
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Description
Snake River Oil & Gas proposed that Fruitland be deemed leased under an integration order with a 15% royalty and four-year term, providing an initial payment of $2,269.50. The City Council tabled action pending additional mapping and property ownership details.
Contract Details
Contract Amount
$2,269.50 initial payment; 15% royalty
Vendor
SNAKE RIVER OIL & GAS
Agency
City of Fruitland, IA
Contract Type
OTHER
Document Date
April 13, 2026
Contract Term
Four-year term proposed under integration order
Renewal Date
2030-04-13
Renewal Info
Proposed four-year lease term under state integration order; no renewal provisions discussed and Council has not approved the arrangement.
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Fruitland City Council Minutes June 8, 2026
Fruitland City Council Minutes June 8, 2026
Fruitland City Council Minutes June 8, 2026
Fruitland City Council Minutes June 8, 2026
Fruitland City Council Minutes June 8, 2026
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